Microsoft Office PerformancePoint Server 2007 Management Reporter Service Pack 2 (SP2) functions as an extension of PerformancePoint Server, enabling finance organizations close the books in less time, create accurate financial reports without the assistance of the IT department, and distribute information in a timely manner. Accurate and detailed financial reports can be created in as few as seven steps. A helpful wizard guides finance professionals through the creation and generation of trial balance reports, income statements and balance sheets. Additionally, flexible report templates are provided, which can be adapted to accommodate your organization’s chart of accounts or dimensions, thereby accelerating the report design process. Finished reports can also be quickly updated to eliminate the need to create and format new reports each time a new one is needed.